Tag - Subramanian

Moody’s upgrades outlook on India from ‘negative’ to ‘stable’


New Delhi: India now has its sovereign credit rating outlook revised to stable from negative by Moody’s Investors Service, on receding risks posed by the financial sector to the overall economy. The country’s credit rating was, however, unchanged at Baa3, the lowest investment grade. “The decision to change the outlook to stable reflects Moody’s view that...